DIT vs PAYS: Correlation
Measured on weekly returns over the past three years, AMCON Distributing Company (DIT) and Paysign, Inc. (PAYS) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIT and PAYS?
On 3 years of weekly data the DIT/PAYS correlation comes out at 0.28, weak. The past 12 months show a tighter link (0.61) than the 3-year average (0.28). The 5-year figure is 0.08, and annualized covariance runs at 819.3 %².
By 3-year correlation, PAYS places #4 of the 11 assets tracked against DIT. Correlation aside, the last 12 months split them widely, with PAYS ahead by 159.1 points (-9.9% versus +149.2%). One caveat on sizing: PAYS is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DIT vs PAYS: side by side
| DIT (AMCON Distributing Company) | PAYS (Paysign, Inc.) | |
|---|---|---|
| 1-year return | -9.9% | +149.2% |
| 5-year return | -29.8% | +430.6% |
| Volatility (ann.) | 35.6% | 81.0% |
| Beta vs S&P 500 | 0.09 | 1.60 |
| Max drawdown (3Y) | -55.9% | -64.6% |
| Market cap | – | $0.7B |
| P/E (trailing) | 35.8 | 50.6 |
| Dividend yield | 0.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DIT | PAYS |
|---|---|---|
| 2022 | -6.4% | +61.2% |
| 2023 | +8.1% | +8.5% |
| 2024 | -33.7% | +7.9% |
| 2025 | -12.8% | +70.5% |
| 2026 | -6.1% | +155.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIT and PAYS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DIT and PAYS?
The DIT/PAYS correlation stands at 0.28 on a 3-year window (1 year: 0.61, 5 years: 0.08), computed from weekly returns as of 2026-08-27.
Is PAYS a good diversifier for DIT?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dit-vs-pays.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dit-vs-pays/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DIT correlations · PAYS correlations
